ASX-listed Invictus Energy will raise A$15-million in a share placement from sophisticated and institutional investors to fund the upcoming Mukuyu-2 exploration campaign, in Zimbabwe. The company will issue some 100-million new shares at a price of 15c each, with the issue price representing a 25% discount to Invictus’ last closing price and an 11.2% discount to the company’s 30-day volume weighted average share price.
PERTH – ASX-listed Invictus Energy will raise A$15-million in a share placement from sophisticated and institutional investors to fund the upcoming Mukuyu-2 exploration campaign, in Zimbabwe.
The company will issue some 100-million new shares at a price of 15c each, with the issue price representing a 25% discount to Invictus’ last closing price and an 11.2% discount to the company’s 30-day volume weighted average share price. The share placement will be done in two tranches, with the first tranche of 50-million shares to be issued under the company’s existing placement capacity, raising an initial A$7.5-million.
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